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2. Mortgage Points: What Exactly Are They? - AOL

   www.aol.com/mortgage-points-exactly-190013333.html

   Buying mortgage points can save you money on interest over time while reducing your payment or shaving years off the time it takes to repay your mortgage loan. ... purchases two points. The ...

3. Should I pay off my mortgage early? - AOL

   www.aol.com/finance/pay-off-mortgage-early...

   However, the amount you save when you pay off your mortgage early might not be more than what you would earn if you put those funds to work elsewhere. On the other hand, the benefits of paying off ...

4. Dave Ramsey’s 7 Tips for Quickly Paying Off a Mortgage - AOL

   www.aol.com/dave-ramsey-7-tips-paying-120027516.html

   The Dave Ramsey mortgage plan encourages homeowners to aggressively pay off their mortgages early, however. One recommendation Ramsey makes is to convert your 30-year mortgage into a fixed-rate ...

5. Mortgage acceleration - Wikipedia

   en.wikipedia.org/wiki/Mortgage_acceleration

   A commonplace method of mortgage acceleration is a so-called bi-weekly payment plan, in which half of the normal calendar monthly payment is made every two weeks, so that 13/12 of the yearly amount due is paid per annum. [2] Commonplace too, is the practice of making ad hoc additional payments. The agreements associated with certain mortgages ...

6. Mortgage points: What are they and how do they work? - AOL

   www.aol.com/finance/mortgage-points-192840885.html

   In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

7. Prepayment of loan - Wikipedia

   en.wikipedia.org/wiki/Prepayment_of_loan

   In general, only borrowers who expect to keep their loans for many years should opt for below-market interest rates by paying mortgage origination points or forgoing automobile rebates. Homeowner prepayment decisions are impacted by a number of variables and are notoriously hard to predict, adding another layer of uncertainty to investing in ...

8. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

9. Should I pay off my mortgage or save the cash? Dave ... - AOL

   www.aol.com/pay-off-mortgage-save-cash-150125720...

   Key Points. A caller to The Dave Ramsey Show isn’t sure what to do with his extra cash. Ramsey suggested paying off the mortgage early rather than focusing on saving more for a down payment.